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  • Saudi Arabia’s Neo Space Group Appoints Martijn Blanken as New CEO

    NSG is a wholly owned company of Saudi Arabia’s Public Investment Fund, the nation’s sovereign wealth fund. NSG will focus on pursuing strategic and commercially feasible space sector opportunities. It will also invest in the most promising new space technology startups and entrepreneurs both in Saudi Arabia and globally. NSG is fully aligned with Saudi Arabia’s Vision 2030 and plans to create a global commercial space communications leader.

  • Women take part in changing of Kaaba’s kiswa in Saudi Arabia for first time in history

    According to the General Authority for the Care of the Two Holy Mosques, female employees took part in the ceremonial changing of the Kaaba’s kiswa – the black cloth decorated with gold and silver threads which adorns the monument – on Sunday by carrying some of its components and handing them over to other workers, who then loaded them into a vehicle for transport to the Makkah’s Grand Mosque.

  • Delta partners with startup Riyadh Air as it plans to offer flights to Saudi Arabia

    Delta CEO Ed Bastian and Riyadh Air CEO Tony Douglas said they envision selling tickets on each other's flights — a practice known as codesharing — that requires approval from the U.S. Transportation Department. They said the partnership could grow into a full-blown joint venture. That step would require immunity from U.S. antitrust laws for the carriers to collaborate on prices and share revenue.

  • The Saudi-Sino Military Partnership: Ambitious or Overhyped?

    The Saudi-Chinese military collaboration, limited to the purchase of missiles and drones that the U.S. declined to approve, remains constrained as long as the United States maintains its dominant position in the Gulf and serves as its security guarantor.

  • Aramco Digital, World Wide Technology ink partnership to transform Saudi Arabia’s AI infrastructure

    “Last year we announced our ambitious plans to expand into the Middle East region with the goal of establishing a US-centric technology innovation hub. Today’s partnership with Aramco Digital marks a significant chapter in our mission to provide cutting-edge technology solutions in the region,” said Omar Mir, International Board Member at World Wide Technology.

  • Saudi Arabia set to participate in 2024 UN High-Level Political Forum on Sustainable Development

    The Saudi delegation, headed by His Excellency Minister of Economy and Planning Faisal F. Alibrahim, will include representatives from 13 entities from the government. The delegation includes the Ministry of Economy and Planning, Ministry of Energy, Ministry of Foreign Affairs, Ministry of Environment, Water and Agriculture, Ministry of Human Resources and Social Development, National Center for Vegetation Coverage and Combatting Desertification, National Center for Environmental Compliance, General Food Security Authority (GFSA), Royal Commission for Riyadh City, Royal Commission for Al-Ula, Al Madinah Region Development Authority, Quality of Life Program, and Qassim Urban Observatory.

  • ZATCA Releases Guidelines For Regional Headquarters In Saudi Arabia

    On 14 April 2024, the Zakat, Tax, and Customs Authority (ZATCA) released comprehensive guidelines for regional headquarters in Saudi Arabia. These guidelines, available in English and Arabic, provide detailed explanations of regulatory provisions, accompanied by practical examples illustrating the application and utilization of the tax incentives.

  • Saudi Customs thwarts attempt to smuggle 3.6 million Captagon pills at Jeddah Islamic Port

    Customs inspectors at Jeddah Islamic Port thwarted an attempt to smuggle 3,633,978 Captagon pills, which were found hidden in a consignment coming to Saudi Arabia. The Zakat, Tax and Customs Authority (ZATCA) explained that a shipment consisting of “iron equipment” was received at the port, and when it was subjected to routine customs inspections using modern security techniques, a quantity of grains was found hidden within the shipment.

  • Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter

    Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on Sunday. Inflows were up 0.6% to 17 billion riyals in the first three months compared with a year earlier, while outflows fell by 5.1% to about 7.5 billion riyals.
    The kingdom hopes to attract $100 billion in FDI by 2030 to boost non-oil gross domestic product as part of a wider strategy by de facto ruler Crown Prince Mohammed bin Salman to diversify the economy away from its reliance on crude oil exports.

  • Christie’s celebrates Saudi artist Ahmed Mater and poetic power of art

    “This was the first language of art that told me that art is symbolic, that art is telling a story, that art is your voice,” Mater tells The National. “Here, art is from society, it's part of the family. Art was not inside a frame. It's art for life. It's coming out of the frame to be part of the walls, part of our lifestyle.”